What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?

Posted on Aug 3, 2012 in FHA Information

81 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in
The median interest rate reduction for a 30-year fixed-rate mortgage was about 1.5 percentage points, order nurse or a savings of about 28 percent in interest rate, try the largest percent reduction recorded in the 27 years of analysis. Among the refinanced … For …
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Before getting into that, cialis 40mg it's important to define what HARP 2.0 is and why interest rates are remaining so low. HARP 2.0 is short for the revamped Home Affordable Refinance Program that was put in place in March. That program is designed for home …
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Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance
Freddie Mac announced plans to build on the results of its Relief Refinance Mortgage Plan, which contains the Property Reasonably priced Refinance Program (HARP two.), by aligning requirements for mortgages with loan-to-value ratios that are equal to or much less …
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Pending Freddie Mac Relief Refinance Changes to Aid Lenders Refinance
… 2012 /PRNewswire by means of COMTEX/ — Freddie Mac (OBB:FMCC) announced plans to build on the results of its Relief Refinance Mortgage Program, which contains the Residence Reasonably priced Refinance System (HARP two.), by aligning specifications for mortgages …
For a lot more informaiton please go to right here…
Question by amanda: What are the current rates for a 30 year fixed FHA mortgage? Can you pay discount points?
I am considering a FHA loan. I would like to avoid mortgage insurance if at all possible. Am I allowed to put 20% down or get a piggy back loan for 10-15%? Basically, stuff I’m not sure if a FHA or conventional loan is best.

First-time homebuyer
Credit = 725ish
Pre-qualified for $ 80k
Probably getting a $ 70k home.

Please give me some advise. Thanks in advance!

Best answer:

Answer by teran_realtor
With your score, prostate and 20% down payment, it’s a no brainer. Don’t go FHA. Get a conventional loan, 80% LTV, no PMI.

I wish all my buyers were like you.

And smart too! Buying less than you qualify for. I’m proud of you!

Give your answer to this question below!

5avg.rating 14 votes.

One Comment

  1. Hi Amanda ,
    I have had a home Through FHA (Farmers Home Admintstration)
    Fixed rate …varies . They do go by your income monthy.
    You can get a fixed rate as low as 6% if you meet requirments.
    I would never use anyone else !…lol…lisa